SEA (NYSE:SE) PT Raised to $174.00 at Bank of America

SEA (NYSE:SE) had its price objective raised by Bank of America from $164.00 to $174.00 in a note issued to investors on Wednesday, AR Network reports. The firm presently has a “neutral” rating on the Internet company based in Singapore’s stock. Bank of America‘s price objective points to a potential upside of 0.31% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Piper Sandler upped their price target on SEA from $166.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Investment Research upgraded SEA from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a report on Tuesday, October 20th. ValuEngine upgraded SEA from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. Stifel Nicolaus upped their price objective on SEA from $150.00 to $173.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, UBS Group upped their price objective on SEA from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $158.92.

NYSE SE opened at $173.47 on Wednesday. The company has a market cap of $56.73 billion, a price-to-earnings ratio of -70.23 and a beta of 1.44. SEA has a 52 week low of $35.30 and a 52 week high of $187.75. The business has a 50 day moving average price of $167.86 and a 200-day moving average price of $127.51. The company has a quick ratio of 1.74, a current ratio of 1.76 and a debt-to-equity ratio of 2.36.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, November 17th. The Internet company based in Singapore reported ($0.69) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.74) by $0.05. SEA had a negative return on equity of 107.94% and a negative net margin of 39.03%. During the same quarter in the prior year, the company earned ($0.41) earnings per share. On average, equities research analysts anticipate that SEA will post -3.06 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of SE. JCIC Asset Management Inc. purchased a new position in shares of SEA during the 3rd quarter valued at $25,000. Private Advisor Group LLC purchased a new position in shares of SEA during the 2nd quarter valued at $27,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of SEA during the 2nd quarter valued at $29,000. Optimum Investment Advisors purchased a new stake in SEA during the 3rd quarter worth about $39,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in SEA during the 3rd quarter worth about $39,000. 72.83% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features , such as user chat and online forums.

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Analyst Recommendations for SEA (NYSE:SE)

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